Performance of Ghanaian Stocks – August 2023

August witnessed some financial stocks like Societe Generale, Standard Chartered, GCB Bank and SIC try to offset the negative returns that has plagued that equity sector this year. This resulted in the GSE Financial Index reducing its loss for the year to 14.44%, up from -16.44% as at the end of July. Stocks as a whole are proving to be one of the few bright spots in this economic downturn, as they have returned 26.22% year-to-date. See how stocks performed in August and for the year in the table below.

EquityShare Price (GH¢)August ReturnsFull Year Returns
Societe Generale Ghana Limited1.264.38%20.00%
Total Petroleum Ghana Ltd932.35%125.00%
Standard Chartered Bank Ghana Ltd.16.6523.33%-17.41%
Benso Oil Palm Plantation Ltd16.9421.00%121.44%
SIC Insurance Company Limited0.2420.00%-22.58%
Unilever Ghana Limited6.869.94%76.80%
Ghana Commercial Bank Limited3.56.06%-11.17%
Fan Milk Limited1.384.55%-54.00%
MTN Ghana Ltd1.483.50%68.18%
AngloGold Ashanti Limited0.410.00%0.00%
Agricultural Development Bank5.060.00%0.00%
AngloGold Ashanti Limited370.00%0.00%
Aluworks LTD0.10.00%0.00%
Asante Gold Corp8.870.00%0.00%
Clydestone (Ghana) Limited0.030.00%0.00%
Camelot Ghana Ltd0.10.00%0.00%
Cocoa Processing Company0.020.00%0.00%
DASPHARMA0.40.00%0.00%
Digicut0.090.00%0.00%
Enterprise Group Limited2.410.00%-24.69%
Ecobank Transnational Incorporation0.150.00%0.00%
NewGold Issuer Limited218.90.00%0.51%
HORDS LTD0.10.00%0.00%
Intravenous Infusions (IIL)0.040.00%0.00%
Mega African Capital Limited5.380.00%0.00%
Meridian-Marshalls Holdings0.110.00%0.00%
Produce Buying Company Ltd.0.020.00%0.00%
Pesewa One PLC0.680.00%0.00%
Republic Bank0.540.00%0.00%
Samba Foods Ltd0.550.00%0.00%
Standard Chartered Bank Ghana Ltd – Preference Shares0.90.00%0.00%
Trust Bank Limited (THE GAMBIA)0.820.00%2.50%
Tullow Oil Plc11.920.00%0.00%
CAL Bank Limited0.61-4.69%-6.15%
Ghana Oil Company Limited1.57-4.85%-8.72%
Guinness Ghana Breweries Ltd.2.52-10.00%22.93%
Access Bank Ghana2.82-14.02%-29.68%
Ecobank Ghana Ltd3.9-27.78%-41.27%

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